XP Power Limited Grant of LTIP awards (8997W)
November 20 2017 - 1:00AM
UK Regulatory
TIDMXPP
RNS Number : 8997W
XP Power Limited
20 November 2017
20 November 2017
XP Power Limited ("XP" or the "Company")
Grant of Long Term Incentive Plan (LTIP) awards
The Company announces that on 17 November 2017, Gavin Griggs,
Chief Financial Officer was awarded a nominal priced option over
8,000 ordinary shares of 1p each in the Company ("Ordinary
Shares"), under the XP Power Limited Long Term Incentive Plan 2017
(the "Award").
The vesting of the Award is conditional on meeting challenging
performance conditions measured over a three-year period as
described in the Company's 2016 Annual Report, with 50% vesting on
the third anniversary of the date the Award was made and 50%
vesting after a further one year deferral period.
1. Details of the person discharging managerial
responsibilities/person closely associated
--------- -------------------------------------------------------------------------
(a) Name Gavin Griggs
--------- ------------------------------ -----------------------------------------
2. Reason for the notification
--------- -------------------------------------------------------------------------
(a) Position/status Gavin Griggs - Chief Financial
Officer
--------- ------------------------------ -----------------------------------------
(b) Initial Initial notification
notification/
Amendment
--------- ------------------------------ -----------------------------------------
3. Details of the issuer
--------- -------------------------------------------------------------------------
(a) Name XP Power Limited
--------- ------------------------------ -----------------------------------------
(b) LEI 213800I7RWQ3FV72EZ26
--------- ------------------------------ -----------------------------------------
4. Details of the transaction(s): section
to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--------- -------------------------------------------------------------------------
(a) Description Ordinary Shares of GBP0.01 each
of the Financial in the Company
Instrument
--------- ------------------------------ -----------------------------------------
(b) Identification SG9999003735
code of
the Financial
Instrument
--------- ------------------------------ -----------------------------------------
(c) Nature of Award of options over Ordinary
the transaction Shares as part of the XP Power
Limited Long Term Incentive Plan
2017.
--------- ------------------------------ -----------------------------------------
(d) Price(s) Price(s) Volume(s)
and volume(s)
------------------------ ---------------
Exercisable at
nominal price
of 1 pence per
Ordinary Share 8,000
----------------------------------------------------------------- ---------------
(e) Aggregated
information
* Aggregated volume TOTAL 8,000
Exercisable at nominal price
- Price of 1 pence per Ordinary Share
--------- ------------------------------ -----------------------------------------
(f) Date of 17 November 2017
the transaction
--------- ------------------------------ -----------------------------------------
(g) Place of n/a
the transaction
--------- ------------------------------ -----------------------------------------
-Ends-
Enquiries:
XP Power
Duncan Penny, Chief Executive Officer +44 (0)118 976 5086
Gavin Griggs, Chief Financial Officer +44 (0)118 976 5154
Citigate Dewe Rogerson +44 (0)20 7638 9571
Kevin Smith/Jos Bieneman
This information is provided by RNS
The company news service from the London Stock Exchange
END
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